Express Scripts on board with Novo's Ozempic; shares ahead 2% [Seeking Alpha]
EXPRESS SCRIPTS (ESRX)
Last express scripts earnings: 10/31 04:11 pm
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Source: Seeking Alpha
Express Scripts on board with Novo's Ozempic; shares ahead 2%Novo Nordisk (NVO+2%) is up more than a 40% spike in volume on the heels of the news that Express Scripts has added once-weekly type 2 diabetes med Ozempic (semaglutide) to its 2018 formulary, thereby establishing head-to-head competition with Eli Lilly's once-weekly Trulicity (dulaglutide), a situation enthusiastically embraced by the price hawkish pharmacy benefit manager.According toReuters, a Novo spokesperson stated that inclusion in Express Scripts' formulary should give Ozempic a "single-digit share" of the overall GLP-1 market in the U.S.Both products will also compete against AstraZeneca's once-weekly BYDUREON (exenatide).See all stocks on the move »Now read:Novo Nordisk: Obesity Crisis Could Be Profitable »
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